Form 4: Ouster Inc. COO Darien Spencer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ouster Inc.'s Chief Operating Officer, Darien Spencer, sold 4,655 shares of common stock on March 12, 2024, to cover withholding taxes related to the vesting and settlement of restricted stock units.
Summary
- On March 12, 2024, Darien Spencer, the Chief Operating Officer of Ouster, Inc., sold 4,655 shares of the company's common stock.
- The sale was executed to cover withholding taxes incurred upon the vesting and settlement of restricted stock units.
- The shares were sold at a weighted average price of $5.1286, with individual transactions ranging from $5.0801 to $5.1312.
- Following the transaction, Spencer directly owns 253,159 shares of Ouster, Inc.
- The sale was initiated by Ouster on Spencer's behalf.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (sale of shares to cover taxes) and doesn't suggest any significant positive or negative sentiment regarding the company's prospects.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine part of executive compensation and does not necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of stock sale transaction. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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